Enable job alerts via email!

Manager, IFRS9 Modelling, Enterprise Stress Testing (10 Month Contract)

Scotiabank

Canada

On-site

CAD 80,000 - 110,000

Full time

Yesterday
Be an early applicant

Job summary

A leading financial institution is seeking a Manager for IFRS 9 Modelling in Toronto. The role involves developing credit risk models and collaborating with various stakeholders to ensure compliance and effective analytics. Candidates should have an advanced degree and experience in predictive modelling and machine learning. This position offers an inclusive environment focused on client relationships.

Qualifications

  • Advanced degree in a relevant field.
  • Experience with predictive modelling and machine learning.
  • Strong communication skills for stakeholder engagement.
  • Ability to learn new technologies quickly.
  • Experience with data visualization tools is preferred.

Responsibilities

  • Champion a customer-focused culture.
  • Develop credit risk models for IFRS 9.
  • Document all models and processes.
  • Support integration of new models into analytics.
  • Collaborate with stakeholders to implement models.
  • Ensure effective operations adhering to regulations.

Skills

Predictive modelling
Machine learning
Python
R
Strong communication skills
Data visualization tools

Education

Advanced degree in Economics, Finance, Statistics, Mathematics, Physics, Engineering

Tools

Linux/UNIX
Git
Matplotlib
Plotly
Seaborn
ggplot2
Pyspark
Sparklyr

Job description

Requisition ID: #

Join a purpose-driven winning team, committed to results, in an inclusive and high-performing culture.

As Manager, IFRS 9 Modelling, Enterprise Stress Testing, you will contribute to the success of IFRS 9 credit risk modelling, analytics, and reporting for Canadian retail and/or small business portfolios. You will ensure that specific goals, plans, and initiatives are executed in support of the team’s business strategies and objectives, while ensuring compliance with regulations, policies, and procedures.

You will report directly to a Senior Manager or Director and be a key member of the team developing models for forward-looking probability of default (PD), loss given default (LGD), or other credit risk models used for Canadian lending products. Utilizing a modern machine learning stack, including open-source environments, you will be responsible for model development, documentation, implementation, and maintenance. Collaboration with stakeholders and internal/external partners such as Model Validation, Retail Provisions, Compliance, and Audit will be a regular part of your role.

Key Responsibilities:
  1. Champion a customer-focused culture to deepen client relationships and leverage broader bank relationships, systems, and knowledge.
  2. Develop credit risk models predicting PD, LGD, EAD, etc., for IFRS 9 provisioning and financial reporting.
  3. Document all models and processes, working with the validation team to ensure timely validation.
  4. Support the integration of new models into IFRS 9 and enterprise-wide stress testing analytics and reporting.
  5. Collaborate with stakeholders and technology partners to implement and test models in UAT and production environments.
  6. Consider the bank’s risk appetite and culture in daily activities and decisions.
  7. Ensure effective operations and adherence to controls related to operational, regulatory, AML/ATF, and conduct risks.
Qualifications:
  1. Advanced degree in Economics, Finance, Statistics, Mathematics, Physics, Engineering, or related field.
  2. Experience with predictive modelling, machine learning, and programming skills (Python, R, pandas, dplyr).
  3. Strong communication skills for stakeholder engagement and data presentation.
  4. Ability to learn new concepts and technologies quickly.
  5. Experience with Linux/UNIX, version control (Git), and data visualization tools (matplotlib, plotly, seaborn, ggplot2) is preferred.
  6. Domain expertise in retail credit risk and IFRS 9 is an asset.
  7. Experience with pyspark or sparklyr is an asset.
  8. Flexible, adaptable, and able to thrive in an evolving environment.
Location:

Canada, Ontario, Toronto

At Scotiabank, we value diversity and are committed to creating an inclusive environment. If you require accommodations during the recruitment process, please inform our recruitment team. Only shortlisted candidates will be contacted. Thank you for your interest in a career at Scotiabank.

Get your free, confidential resume review.
or drag and drop a PDF, DOC, DOCX, ODT, or PAGES file up to 5MB.